Franchise Businesses Market: ZIP 55346
Opportunity Score
80
/ 100
Excellent
Based on walkability, population density, income levels, and local business competition.
Market Summary
ZIP 55346 is an urban area with low foot traffic. with a population of 18,602 and household incomes well above the national median ($137,125).
Area Profile
18,602
Population
$137,125
Median Income
+84% vs. national
Urban
Area Type
8.4/20
Foot Traffic
Car-Dependent
Median Age: 41.5 —
older demographic, may prefer sit-down options.
College-Educated: 43.5% —
strong appetite for artisan/specialty food.
Competition
Franchise Businesses and related businesses in ZIP 55346.
14
Business Consultants
7.5 per 10K residents
Operating Costs
Local cost levels affect space, labor, and operating expenses.
$2,270
2BR Fair Market Rent
$1,823
Median Gross Rent
$460 K
Median Home Value
Tips for Starting a Franchise Business in Minnesota
- Franchise fees range from $10K to $100K+ depending on the brand. That's before buildout, equipment, or working capital. Read the FDD (Franchise Disclosure Document) line by line.
- Royalties run 4-8% of gross revenue. Every month. Forever. That's gross, not net. Factor this into your break-even math from day one.
- Talk to at least 10 existing franchisees before signing. The FDD lists every current and former franchisee. Call the ones who left. They'll be honest.
- Territory protection matters. Some franchises let other franchisees open 2 miles away. Verify your exclusive territory in writing.
- The median income here is $137,125. That gives you pricing room most markets don't offer. Don't underprice.
Quick Facts
- Area Type
- Urban
- Foot Traffic
- Car-Dependent
- Related Businesses
- 14
vs. National Average
Median Income
+84% vs. $74,580
Walkability
-2.1 pts vs. national avg
Nearby Markets
55345
2.5 mi
Pop: 21,255
$143,287
Walk: 10.2
55347
3.7 mi
Pop: 30,467
$152,850
Walk: 7.5
55344
3.7 mi
Pop: 14,180
$89,590
Walk: 9.9
55317
5.0 mi
Pop: 22,373
$133,573
Walk: 7.1
55343
5.1 mi
Pop: 26,482
$82,415
Walk: 12.2
55305
6.5 mi
Pop: 21,274
$106,480
Walk: 10.7
55391
7.3 mi
Pop: 15,469
$170,115
Walk: 9.9
55439
7.5 mi
Pop: 9,475
$173,925
Walk: 7.7
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About This Data
Data sources
U.S. Census Bureau (ACS, ZBP) · HUD Fair Market Rents · EPA Walkability Index · USDA RUCA · IRS SOI · FDIC Summary of Deposits